BARNSTEAD, N.H, and CHONGQING, China, Sept. 18 /Xinhua-PRNewswire-FirstCall/ -- Pay88, Inc. (OTC Bulletin Board: PAYI), a rapidly growing reseller of online multiplayer game cards and Internet game time in China, has signed an exclusive agreement with Shanghai Hongli Digital Technology, Ltd., an interactive amusement game company, to distribute two new online game cards that are part of the company’s popular Goldcool One Card series.
The two new online game cards to be distributed by Pay88 are Devildom and Twelve Animals’ Legend. The new Devildom game is the first video talking internet game developed by Shanghai Technology and is expected to become a huge success among the millions of players of internet games in China. The Goldcool games will add to the growing list of highly popular online multiplayer games distributed by Pay88 to the booming Chongqing market and 20 other cities in China.
Guo Fan, President and CEO, said, “Pay88 has distributed a number of Goldcool One games for Shanghai Technology in the past with great success, and we look forward to adding these two new quality games to their consumer oriented series. We believe the market for the Goldcool series will expand significantly in Chongqing and throughout other cities when we introduce them in the coming months.”
About Pay88, Inc.
Pay88, Inc. (OTCBB: PAYI), through its wholly owned subsidiary Chongqing Qianbao Technology, Ltd., is a leading reseller of online multiplayer game time in China. The Company has successfully captured the leading market share of online multiplayer game time in Chongqing, China, a municipality of more than 31 million people that is the third fastest-growing economy in China and the gateway to central and western China. Pay88 leverages such consumer establishments as retail kiosks and internet cafes to increase its distribution of highly popular games for an increasing number of gaming companies. Over the next year, the Company will continue to develop and improve its internet gaming platform, expand its distribution Web sites and increase its overall product line, as well as expand into many additional cities. Pay88 was incorporated in March 2005 in the State of New Hampshire, where it continues to maintain its executive headquarters and subsequently reincorporated in Nevada in July 2005.
To learn more about Pay88, Inc. (OTCBB: PAYI) please visit the Company’s web site at http://www.pay88.com . To receive news about the company as it becomes available, please contact Adam Brooks at abrooks@cfsg1.com or 1-800-625-2236.
Forward Looking Statements
Certain information contained in this news release, including without limitation, statements related to Pay88’s outlook for 2008, which are based on management expectations, is considered forward looking statements. Investors and prospective investors are cautioned about factors which have in some cases affected Pay88’s actual results and could affect its actual results and cause them to differ materially from those expressed in any such forward looking statements. Actual results may also differ over factors which the Company has no control including general economic and business conditions, earthquakes or effects of war or terrorists acts on the capital markets or on company activities. Please refer to Risk Factors contained in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2008.
Pursuant to a July 1, 2008 contract, Consulting for Strategic Growth 1, Ltd. (CFSG1) provides Pay88, Inc. with strategic consulting, business advisory and investor and media relations. Independent of CFSG1’s receipt of cash compensation from Pay88, CFSG1 may choose to purchase the Company’s common stock and thereafter liquidate those securities at any time it deems appropriate.
For more information, please contact:
Consulting for Strategic Growth 1
http://www.cfsg1.com
Investor Relations
Stanley Wunderlich, CEO
Tel: +1-800-625-2236
Fax: +1-646-205-7771
Email: info@cfsg1.com
Media Relations
Daniel Stepanek, EVP
Tel: +1-646-205-7767
Fax: +1-646-205-7771
Email: dstepanek@cfsg1.com
